Robinhood has termed this 'unlocking a new asset class that democratizes access to events as they unfold.' But if we can't gamble, is it happening?
The phrase 'democratizes access' sits next to 'financial inclusion' in the lexicon of those who are trying to take your money.
Robinhood now allows users to purchase 'event contracts' to bet on election outcomes, treating political events as tradable assets.
This new venture into betting on political events raises questions about the true nature of reality and the commodification of our civic engagement.
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